Tuesday, June 03, 2008

"If Hyman is right, and StockScouter continues to highlight the right sectors and stocks to play, there is no reason for investors to fear the pressures facing big companies right now. It really may be time to go off high alert."

"Yet veteran observers are swiftly coming to the conclusion that attempts to regain world financial stability could be doomed due to a stunning crash of commercial-debt financing and lack of trusted leadership, and they now believe private investors should take advantage of any rallies to purge their portfolios of most stocks and nongovernment bonds."

My advice: Don't take stock market advice from Jon Markman. The fact that he's a "technical analyst"--making predictions based on short-term patterns of stock movement using methodology that has no better support than astrology, tea-leaf reading, or palmistry--is further reason to avoid reading him for any reason other than humor value.